It said Apollo Investment Fund VII and other parallel funds had committed total capital of about $14.7bn to the company.

Taminco is the world’s largest dedicated producer of alkylamines – organic compounds produced through the reaction of an alcohol with ammonia – which are used in everyday products in the agriculture, personal and home care, animal nutrition and oil and gas end markets.

The company had previously attempted to raise up to €421.5m by listing in Brussels in January 2010, but scrapped the IPO citing choppy financial markets.

Apollo currently has holdings in other chemicals, mining and manufacturing businesses including Borden Chemical, Compass Minerals and Berry Plastics.